South Korea Fires Its Own ‘Three Arrows’

Sandwiched between high-tech Japan and low-cost China, Seoul needs to avoid the mistakes of Abenomics.

Japan’s fabled samurai spirit plays a complicated role in the national psyche. One part relic of times past, one part special sauce for conquering future adversity. So in 2012, when Shinzo Abe set out to overcome deflation, it seemed fitting to cloak the assault in bushido imagery.